Housing
2 Manhattan Homes List for Over $100 Million
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If you won Saturday’s Powerball jackpot of $487 million, you may decide to upgrade your lifestyle by buying a new home. The cash value to the winner (the ticket was bought in New Hampshire) is $327.8 million before taxes. That still leaves a tidy pile and there are two $100-million+ properties in Manhattan that the winner might want to have a look at.
At the top of the short list is a five-bedroom, 10-bath, two-story co-op apartment on Park Avenue for $120 million. The building features a full-time doorman and an elevator operator in a 20-room Upper East Side location with views of Central Park. The building was built in 1931 and the apartment has 12.5-foot ceilings to impart that feeling of grandeur one can only get from high ceilings. In addition to the occupants’ five bedrooms there are two more maid’s quarters. The listing has been on the market for 96 days according to realtor.com.
Another Upper East Side property is the National Academy Museum & School with approximately 47,078 of above-grade floor space comprising two interconnected townhouses and a school building in an L-shaped structure. The townhouses comprise about 33,476 square feet of floor space across six and five stories and nearly 7,500 square feet below grade. The Realtor.com listing describes the property as “a truly unique opportunity for either continued educational/community facility use or conversion to luxury, one-of-a-kind residential use.” This property is listed at three addresses: Fifth Avenue, 3 East 89th Street, and 5-7 East 89th. The asking price is $109 million and the property has been on the market for 107 days.
If that Powerball jackpot has you thinking about something more rural, the late Michael Jackson’s Neverland Ranch in Los Olivos, California, is on the market for $100 million. The property includes 2,700 acres, numerous buildings in addition to the main house, and has been renamed the Sycamore Valley Ranch. Jackson’s exotic animal collection is gone, however.
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